T1 Energy (NYSE:TE) Shares Down 6.3% - Time to Sell?

Key Points

• T1 Energy shares fell 6.3% to $3.6750, with trading volume sharply below average. The stock remains below its 50-day and 200-day moving averages of $4.54 and $6.16, respectively.
• Analyst sentiment is mixed but leans positive: T1 Energy has a consensus “Moderate Buy” rating and a $7.60 price target, despite recent downgrades including a “Strong Sell” rating from Wall Street Zen.
• The company beat quarterly EPS expectations, reporting a loss of $0.09 per share versus an expected loss of $0.13, but remains unprofitable with a 38.49% negative net margin and substantial leverage, including a 3.50 debt-to-equity ratio.

T1 Energy Inc (NYSE:TE - Get Free Report)'s share price fell 6.3% during trading on Monday. The stock traded as low as $3.61 and last traded at $3.6750. Approximately 3,109,018 shares traded hands during trading, a decline of 88% from the average daily volume of 26,721,314 shares. The stock had previously closed at $3.92.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TE shares. Vertical Research assumed coverage on shares of T1 Energy in a research note on Thursday, September 17th. They issued a "hold" rating and a $5.00 price target for the company. Northland Securities set a $9.00 price objective on shares of T1 Energy in a report on Monday. Wall Street Zen lowered shares of T1 Energy from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 22nd. Sanford C. Bernstein began coverage on shares of T1 Energy in a research report on Tuesday, June 16th. They set a "market perform" rating and a $9.00 price target on the stock. Finally, Weiss Ratings downgraded T1 Energy from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, T1 Energy has an average rating of "Moderate Buy" and a consensus price target of $7.60.

T1 Energy Stock Down 5.7%

The stock's fifty day simple moving average is $4.54 and its two-hundred day simple moving average is $6.16. The company has a debt-to-equity ratio of 3.50, a current ratio of 1.30 and a quick ratio of 0.90. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -1.87 and a beta of 2.36.

T1 Energy (NYSE:TE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The utilities provider reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.04. T1 Energy had a negative net margin of 38.49% and a negative return on equity of 149.67%. The business had revenue of $250.13 million during the quarter. On average, sell-side analysts predict that T1 Energy Inc will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On T1 Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of TE. Situational Awareness LP acquired a new stake in shares of T1 Energy during the 1st quarter worth approximately $43,900,000. Renaissance Technologies LLC lifted its holdings in shares of T1 Energy by 232.2% in the 1st quarter. Renaissance Technologies LLC now owns 11,858,306 shares of the utilities provider's stock worth $52,058,000 after purchasing an additional 8,289,050 shares during the last quarter. Electron Capital Partners LLC acquired a new position in T1 Energy during the 4th quarter valued at approximately $23,380,000. BNP Paribas Financial Markets acquired a new position in T1 Energy during the 4th quarter valued at approximately $9,752,000. Finally, Bornite Capital Management LP bought a new position in T1 Energy during the 4th quarter worth $8,350,000. 52.31% of the stock is currently owned by institutional investors and hedge funds.

T1 Energy Company Profile

T1 Energy Inc NYSE: TE is a U.S.-focused renewable energy company developing domestic solar manufacturing and related clean-energy infrastructure. The company's activities center on producing solar photovoltaic components, including solar cells and modules, for the North American market.

T1 Energy is developing its Project Jupiter solar manufacturing platform in Texas, which is intended to support the production of solar products within the United States. The company's strategy emphasizes strengthening the domestic solar supply chain and serving utility-scale, commercial, and other solar-energy applications.

The company was formerly known as FREYR Battery and previously pursued lithium-ion battery manufacturing projects.

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